Benefits Differ as Well

GAO also found that the types of benefits available differed among plans. For example, while the FLTCIP offers daily benefit amounts ranging from $50 to $300 and waiting periods of 30 or 90 days before benefits begin, individual products offer daily benefits between $18 and $500 and waiting periods of 0 to 730 days. Similarly, while the FLTCIP offers benefit periods of three years, five years or lifetime, individual products offer periods ranging from one year to lifetime. Private plans also had additional types of inflation protection available.